"Option recognizes the value of building upon proven technology when developing devices that lead the WCDMA (UMTS) world," said Jan Callewaert, president and CEO of Option NV. "Qualcomm's chipset is highly suited to serve the growing WCDMA (UMTS) market. By integrating Qualcomm's chipset into our PC-Radio Cards, we will be able to offer our customers sophisticated data applications that will operate on all GSM, GPRS and WCDMA (UMTS) networks in Europe and Asia."

"Qualcomm's MSM6200 chipset and system software is a proven commercial solution that will enable Option to deliver compelling WCDMA (UMTS) products," said Dr. Sanjay K. Jha, president of Qualcomm CDMA Technologies. "Option's dedication to develop and commercialize easy-to-use, in-demand wireless PC-Radio Card solutions for the 3G market exemplifies the company's leadership in the high-speed data industry. We are very pleased to work with Option as an important partner for 3G in Europe and around the world."

Option will bring 3G high-speed data solutions to wireless carriers who will promote to their customers secure access to critical business and personal productivity applications, such as e-mail and corporate databases as well as instantaneous intranet and Internet connectivity at high speeds.

Currently powering commercially deployed handsets in Japan, the MSM6200 chipset is Qualcomm's second generation WCDMA (UMTS) solution and supports data rates of up to 384 kbps in WCDMA (UMTS) mode. Like all members of the MSM6xxx family, the MSM6200 solution incorporates Qualcomm's radioOne™ Zero Intermediate Frequency (ZIF) architecture, which eliminates the need for Intermediate Frequency (IF) components, including large IF saw filters and additional IF circuitry. With radioOne technology, the MSM6200 solution requires less printed circuit board area than previous generation chipsets and reduces bill-of-material costs for wireless dual-mode products.

The MSM6200 solution also supports Qualcomm's Launchpad™ suite of advanced multimedia, connectivity, position location, user interface and removable storage functionality, as well as Qualcomm's BREW™ system. Qualcomm's BREW system provides products and services that connect the mobile marketplace value chain, which includes application developers, publishers, content providers, device manufacturers, operators and consumers. This chipset is also compatible with the Java™ runtime environment; the J2ME™ solution can be built entirely on the chipset's BREW software layer.

Option NV (www.option.com) is a leading innovator in the design, development and manufacture of 3G WCDMA (UMTS), GPRS, GSM and WLAN technology products for wireless connectivity solutions. Option has built up an enviable reputation for creating exciting products that enhance the performance and functionality of wireless communications. Option's headquarters are in Leuven, Belgium. The company has Research&Development in Leuven, a Software and Applications development center in Adelsried (Germany) and an ISO 9002 production engineering and logistics facility in Cork, Ireland.

Qualcomm Incorporated (www.qualcomm.com) is a leader in developing and delivering innovative digital wireless communications products and services based on the Company's CDMA digital technology. Headquartered in San Diego, Calif., Qualcomm is included in theS&P500 Index and is a 2003 FORTUNE 500® company traded on The Nasdaq Stock Market® under the ticker symbol QCOM.

Except for the historical information contained herein, this news release contains forward-looking statements that are subject to risks and uncertainties, including the Company's ability to successfully design and have manufactured significant quantities of CDMA components on a timely and profitable basis, the extent and speed to which CDMA is deployed, change in economic conditions of the various markets the Company serves, as well as the other risks detailed from time to time in the Company's SEC reports, including the report on Form 10-K for the year ended September 30, 2002, and most recent Form 10-Q.

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Qualcomm is a registered trademark of Qualcomm Incorporated. Mobile Station Modem, MSM, MSM6200, radioOne, Launchpad and BREW are trademarks of Qualcomm Incorporated. Option and the Option logo are trademarks of Option NV. CDMA2000 is a registered trademark of the Telecommunications Industry Association (TIA USA). Java and J2ME are trademarks or registered trademarks of Sun Microsystems, Inc. in the United States and other countries. All other trademarks are the property of their respective owners.